Making the jump from domestic to commercial.

[DanEwen]

Don't forget you will be involved in paying your subby's tax and also if you are doing all this work it is not going to take you long to cross the vat threshold . So you will be doing quarterly vat returns .

On a side note is it worth joining the tta? Had mixed reviews from both tilers and customers that have used the tta. Cheers

 

[Dumbo]

Thanks jcrtiling. I have already spoke to my accountant about the vat situation. As for the subby’s tax if they are self employed is it not up to them to pay tax ? Some company’s I work for pay my tax (cis payments) others don’t I just pay it. Would it not be the same ?
Thanks

Strictly speaking if you are a main contractor employing sub contractors it is up to you to pay their tax contributions unless they earn over a certain amount they can apply to make their own contributions . An exception to this would be if they were tiling your offices for instance , i don't know why but this wouldn't apply .

 

[Dumbo]

On a side note is it worth joining the tta? Had mixed reviews from both tilers and customers that have used the tta. Cheers

You would have to look into that to see what they have to offer you to see wether you think it's worth it .

 

[DanEwen]

Strictly speaking if you are a main contractor employing sub contractors it is up to you to pay their tax contributions unless they earn over a certain amount they can apply to make their own contributions . An exception to this would be if they were tiling your offices for instance , i don't know why but this wouldn't apply .

Ok that’s something I will look into. Thanks for the advice.

 

[Time's Ran Out]

One word Carrillion !
That’s all you need to know about going that next steps.
When they stop paying you and your looking out your office window wondering who is going to be knocking on your door today , remember it was you not your family that wanted the stress, the debt, the bailiffs...
How much money do you want to earn - £50/60k pa is achievable on your own.
I knocked back 62 duplex accommodation in Jesmond and I still do work for that company. You must always be in control of your own future because these developers couldn’t give a toss about you.

 

[Dumbo]

Trust me I'm right on

One word Carrillion !
That’s all you need to know about going that next steps.
When they stop paying you and your looking out your office window wondering who is going to be knocking on your door today , remember it was you not your family that wanted the stress, the debt, the bailiffs...
How much money do you want to earn - £50/60k pa is achievable on your own.
I knocked back 62 duplex accommodation in Jesmond and I still do work for that company. You must always be in control of your own future because these developers couldn’t give a toss about you.

arent they a Scottish rock band

 

[DanEwen]

One word Carrillion !
That’s all you need to know about going that next steps.
When they stop paying you and your looking out your office window wondering who is going to be knocking on your door today , remember it was you not your family that wanted the stress, the debt, the bailiffs...
How much money do you want to earn - £50/60k pa is achievable on your own.
I knocked back 62 duplex accommodation in Jesmond and I still do work for that company. You must always be in control of your own future because these developers couldn’t give a toss about you.

Haha when I get to 43,000 employees I will remember you bringing this up
I mean I have made 40k so far this year and no where near the amount I would like. If I don’t push myself how will I ever know what I am capable of achieving? I have never just settled for what I have I have always wanted more in many aspects of my life, it’s the main reason I have done so much with my life so far.

I do appreciate your input tho thanks

 

[Andy Allen]

Biggest issue you will have is finding decent tradesmen, we see countless adds on here advertising for good tilers....
Fact is most of the good ones are carving out there own good living, or will use you purely as a stop gap and be gone in the blink of an eye, subby's aren't loyal, why should they be.., soon as the cushy work and money drys up they will be gone.
I've been there and got the T-shirt...

 

[DanEwen]

Biggest issue you will have is finding decent tradesmen, we see countless adds on here advertising for good tilers....
Fact is most of the good ones are carving out there own good living, or will use you purely as a stop gap and be gone in the blink of an eye, subby's aren't loyal, why should they be.., soon as the cushy work and money drys up they will be gone.
I've been there and got the T-shirt...

Your right Andy. This will be my biggest problem. I don’t need the best, quickest or most loyal. I will need lads who are willing to work to make decent money. If they are getting good money and decent work why would they leave ? As an employer it’s my job to get them this work. If I don’t have the work why would I want them staying around ? If work picks back up and the cushy money starts again am sure they would come back.
Paying lads day rates is bullshit aswell unless it’s fiddly work they are doing. I always got payed by the hour or day rate and it’s crap. I will be paying lads by the metre, it encourages them to do more. If they can see how much they are making it drives them to work harder from my experience.

 

[Dumbo]

But after you've had your cut their metre rate may not be so clever

 

[Martyn Leeds]

Depends how much experience you've got in the commercial work?

I'd recommend subbying to another firm 1st to properly get the hang of the Commercial world & how it works, or maybe a few different firms, to get a mix of good & bad experiences..

I've done the domestic to commercial transition myself..

 

[DanEwen]

Depends how much experience you've got in the commercial work?

I'd recommend subbying to another firm 1st to properly get the hang of the Commercial world & how it works, or maybe a few different firms, to get a mix of good & bad experiences..

I've done the domestic to commercial transition myself..

Well your just the man to talk to lol
Thanks for the message Martyn.
I worked on Bellway and Persimmons homes for 7 years for a company. Have done 12 high end apartments and 62 student accommodation for myself. Recently I have done more work on Bellways for another firm. My time in Australia all we done were shopping centres, shops etc so large areas 400m2 plus I have done a lot in my 16 years as a tiler.
The work isn’t an issue it’s programs, deadlines etc
Any information you can give would be greatly appreciated

 

[peteablard]

I've done a lot of work for shop fitting firms over the years and have never had a serious problem with the programs they set. The decent ones have been doing it for years so know realistically how long things take. Occasionally there will be urgent ones that might need an extra man or 2 to push it along quicker. As mentioned above the biggest problem will be payment terms, especially if you're supplying materials and your accounts need paying before you get paid.

 

[DanEwen]

I've done a lot of work for shop fitting firms over the years and have never had a serious problem with the programs they set. The decent ones have been doing it for years so know realistically how long things take. Occasionally there will be urgent ones that might need an extra man or 2 to push it along quicker. As mentioned above the biggest problem will be payment terms, especially if you're supplying materials and your accounts need paying before you get paid.

Thanks for the reply Pete
Yes that’s something I will have to be careful about with payment terms and paying for materials. The student apartments I done payment term was every two weeks which was fine but if am having to wait 4 weeks plus that might be an issue. Unless some agreement can be made that they can pay for materials up front. But probably not likely.
I was a bit worried about keeping up with 62 units but I was tiling them faster than they could build them lol. I am normally very good at knowing how much I can get done in a certain time frame.

Appreciate the message